Magyar Bancorp Inc. Common Stock (MGYR)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for a business I can understand and a price that offers a margin of safety. Magyar Bancorp is a 91-employee New Jersey community bank—deposits, residential and commercial real estate loans, and basic banking. That is understandable, but tiny. The filed figures show steady profitability: in fiscal Q3 2026, the quarter ended 2026-06-30, net income was $3.1M and diluted EPS $0.49; in fiscal Q2 2026, the quarter ended 2026-03-31, $3.0M and $0.48; and in fiscal Q1 2026, the quarter ended 2025-12-31, $3.1M and $0.50. Compared with fiscal Q3 2025, the quarter ended 2025-06-30, when net income was $2.5M and diluted EPS $0.40, that is about 24% profit growth. For FY2025, the year ended 2025-09-30, net income was $9.8M and diluted EPS $1.56, up from $7.8M and $1.23 in FY2024, the year ended 2024-09-30, and $7.7M and $1.20 in FY2023, the year ended 2023-09-30. FairStock labels it a STALWART, citing 34.8% annual profit growth over five years. The moat is modest: local relationships and deposits, but no evidence of unusual pricing power. FairStock calculations at the 2026-10-13 close show P/E 10.06, P/B 0.96, ROE 9.70%, PEG 0.77, dividend yield 2.13%, beta 0.27, and Piotroski 6/9. A below-book price and high-single-digit ROE suggest the market expects little, which can be fertile ground, but not if credit sours. Missing CET1, NIM, combined ratio, nonperforming loan and reserve data, plus no D/E, mean I cannot fully underwrite bank-specific risk. The growth is real but small; the valuation is reasonable, not irresistible. I would want more evidence of underwriting discipline before calling it a budding bargain.

In plain English: Magyar Bancorp is a small New Jersey bank that takes deposits and makes loans to people and local businesses. It has been steadily profitable, with recent quarterly profit around $3 million and earnings up from a year earlier, but it is tiny and key banking details like capital ratios are not in the data. At the recent price, the shares look moderately priced—about ten times yearly profit and near the bank's accounting value—so not obviously expensive, but not a screaming bargain either.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer